Q4 2024 EPS Estimates for W&T Offshore, Inc. (NYSE:WTI) Decreased by Zacks Research

W&T Offshore, Inc. (NYSE:WTI) – Equities research analysts at Zacks Research decreased their Q4 2024 earnings per share (EPS) estimates for W&T Offshore in a note issued to investors on Monday, April 22nd. Zacks Research analyst A. Kanoria now forecasts that the oil and gas company will post earnings per share of $0.01 for the quarter, down from their previous forecast of $0.06. The consensus estimate for W&T Offshore’s current full-year earnings is ($0.05) per share. Zacks Research also issued estimates for W&T Offshore’s Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.01 EPS, Q3 2025 earnings at $0.02 EPS and Q1 2026 earnings at $0.02 EPS.

Separately, Stifel Nicolaus increased their price target on W&T Offshore from $7.60 to $7.90 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd.

W&T Offshore Stock Performance

Shares of NYSE WTI opened at $2.38 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 11.58. The firm’s 50-day moving average price is $2.71 and its two-hundred day moving average price is $3.18. W&T Offshore has a 52-week low of $2.32 and a 52-week high of $4.60. The stock has a market capitalization of $348.79 million, a P/E ratio of 23.75 and a beta of 1.52.

W&T Offshore (NYSE:WTI) last posted its quarterly earnings results on Tuesday, March 5th. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.08). W&T Offshore had a negative return on equity of 71.70% and a net margin of 2.93%. The business had revenue of $132.30 million during the quarter, compared to the consensus estimate of $138.23 million. During the same quarter in the previous year, the business posted $0.10 earnings per share. The company’s quarterly revenue was down 30.3% compared to the same quarter last year.

W&T Offshore Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 18th were given a dividend of $0.01 per share. The ex-dividend date was Friday, March 15th. This represents a $0.04 annualized dividend and a dividend yield of 1.68%. W&T Offshore’s dividend payout ratio is currently 40.00%.

Institutional Trading of W&T Offshore

A number of large investors have recently modified their holdings of the company. Octavia Wealth Advisors LLC boosted its stake in W&T Offshore by 51.4% during the 4th quarter. Octavia Wealth Advisors LLC now owns 18,315 shares of the oil and gas company’s stock valued at $60,000 after purchasing an additional 6,215 shares during the period. Signaturefd LLC boosted its position in shares of W&T Offshore by 907.2% during the fourth quarter. Signaturefd LLC now owns 8,390 shares of the oil and gas company’s stock worth $27,000 after buying an additional 7,557 shares during the period. SG Americas Securities LLC boosted its position in shares of W&T Offshore by 72.3% during the fourth quarter. SG Americas Securities LLC now owns 20,206 shares of the oil and gas company’s stock worth $66,000 after buying an additional 8,478 shares during the period. Quadrant Capital Group LLC grew its holdings in W&T Offshore by 131.6% in the 4th quarter. Quadrant Capital Group LLC now owns 15,607 shares of the oil and gas company’s stock worth $51,000 after buying an additional 8,869 shares in the last quarter. Finally, Deutsche Bank AG increased its position in W&T Offshore by 8.7% in the 3rd quarter. Deutsche Bank AG now owns 114,419 shares of the oil and gas company’s stock valued at $501,000 after acquiring an additional 9,146 shares during the period. Institutional investors and hedge funds own 42.88% of the company’s stock.

W&T Offshore Company Profile

W&T Offshore, Inc, an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oil and condensate, natural gas liquids, and natural gas. W&T Offshore, Inc was founded in 1983 and is headquartered in Houston, Texas.